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Vectors Research Management, LLC
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Our Team


Portfolio Management
Andrew Davidson
Neil Powers, CFA
Richard Ellson, Ph.D

Analysts
William Searle - Quantitative Analyst
Franzi Dickson - Quantitative Analyst

Sales and Marketing
Jennifer Constine

Administration
Richard Scott





Andrew Davidson - Chief Investment Officer

Andrew Davidson is co-founder and CIO of at Vectors Research Management, LLC. Mr Davidson is also President and founder of AD&Co., a leading developer and provider of MBS/ABS analytical tools. AD&Co provides consulting advice on risk management, security valuation, and investment strategies for a broad range of financial institutions.


Prior to AD&Co he worked for six years at Merrill Lynch, where he was a Managing Director in charge of a staff of 60 financial and systems analysts. In this role, he developed sophisticated analytical tools, including prepayment and option-adjusted spread models, as well as sophisticated portfolio analysis tools. He initiated a comprehensive set of investor-oriented publications and established groups of specialized analysts to advise traders, sales people and investors. He has an extensive trading desk background and experience in risk management roles. Andrew began his financial career as an analyst in Exxon's Treasurer's Department. He received an MBA in Finance at the University of Chicago and a BA in Mathematics and Physics at Harvard.



  
Neil Powers, CFA - Portfolio Manager

Neil Powers is a co-founder and Portfolio Manager at Vectors Research Management, LLC. He has over 20 years of portfolio management experience within Fixed Income Institutional accounts and Mutual Funds. Prior to Vectors, Mr. Powers worked at Putnam Investments for 12 years, where he was a Senior Portfolio Manager for Core and Core Plus Institutional accounts and the Lead Portfolio Manager for the Putnam family of Multi-Sector Bond mutual funds. He started at Putnam Investments as a quantitative analyst building yield curve and sector relative value models.

Mr. Powers served as the Director of Fixed Income for 7 years at Crestar Asset Management Co. and Co-Head of Fixed Income at Trusco Capital Management Co. Neil managed Institutional accounts, Government, and Multi-Sector bond Mutual funds. Neil is a CFA, and graduated from West Virginia University with a BS in Finance specializing in securities and investments. 


   
Richard Ellson, Ph. D - Portfolio Manager/Trader Credit Strategies

Rick has been involved in the fixed income markets for over 20 years. In his current position, he is responsible for analyzing and trading MBS/ABS, primarily credit sensitive assets. Rick is focused in portfolio analysis for major financial institutions for risk management and OTTI purposes. Prior to VRM, he was the senior prime whole loan portfolio manager at Washington Mutual Bank. He was also the head of fixed income trading at the Hartford Investment Management Company and head of MBS/ABS research at CS First Boston and UBS. At HypoVereinsbank, he structured CMBS, aircraft leasing, and future flow transactions. Prior to Wall Street, he was a tenured university professor at the University of South Carolina and has published in major economics journals. 


   
William Searle - Quantitative Analyst

Will has been an analyst at VRM since July 2007. His work focuses on validating the company's proprietary credit models and software, and using them to analyze the credit-worthiness of RMBS. Prior to joining Vectors, he developed software at Vectors' sister company, Andrew Davidson & Co., Inc. Will received a BS in Computer Science and BA in Mathematics from Duke University. He expects to receive a MS in Mathematics of Finance from New York University in 2009.


 
Franzi Dickson - Quuantitative Analyst

Frainzi joined VRM in 2006 as an analyst focused on trade, settlement, accounting, and operations. She generates analysis on valuations for client portfolios, and provides analytics on individual securities. Franzi previously worked in Japan teaching english after graduating from Swarthmore College in 2003 with a BA in Linguistics. 


 
Jennifer Constine - Portfolio Analyst

Jennifer Constine joined VRM in 2010 as a portfolio analyst. She has over 20 years of portfolio management experience in the fixed income markets. Prior to VRM, she worked at Trusco Capital Management where she was responsible for discretionary intermediate fixed income management and client relationships for pension, foundation, endowment, corporate and mutual fund assets. Assets under her management totaled approximately $ 400 million. Jennifer was also involved in designing and implementing portfolio trading and analytical systems designed to facilitate portfolio adjustments while maintaining client curve, quality and maturity restrictions. Prior to Trusco, Jennifer worked as an account executive with E.F. Hutton and as a wholesaler of limited partnerships for Angeles Corporation. She is a graduate of the University of Virginia.